Volatility was the order of the day

The BSE 30-share Sensex fell 49.10 points or 0.29% to 17131.08. The Sensex opened with an upward gap of 50.68 points at 17230.86. The Sensex fell 152.66 points at the day's low of 17,027.52 in early afternoon trade. BSE clocked a turnover of Rs 4636 crore

The S&P CNX Nifty fell 13 points or 0.25% to 5,090.55. It hit a high of 5,112.85. Nifty November 2009 futures were at 5,073, at a discount of 17.55 points as compared to spot closing of 5,090.55. Turnover in NSE's futures & options (F&O) segment was Rs 91101.55 crore

BSE Mid-Cap index rose 0.23% and the BSE Small-cap index rose 0.36%. Both the indices outperformed the Sensex.

The BSE Auto index (up 1.45%), the BSE Consumer Durables index (up 1.4%), the BSE Teck index (up 0.71%), the BSE IT index (up 0.5%), the BSE Healthcare index (up 0.25%), the BSE Capital Goods index (down 0.01%) outperformed the Sensex.

The BSE FMCG index (down 0.92%), the BSE Metal index (down 0.81%), the BSE Oil & Gas index (down 0.79%), the BSE Power index (down 0.69%), the BSE Realty index (down 0.6%), the BSE PSU index (down 0.52%), the BSE Bankex (down 0.44%), underperformed the Sensex.

Volatility was the order of the day as the key benchmark indices swung between positive and negative zone. Market snapped last two days' gains as a sharp slide in Chinese stocks and weak European markets weighed on investor sentiment. Investors resorted to profit taking after a recent strong rally which saw indices touch one-month highs. The market slipped into the red after opening with an upward gap as Asian stocks fell. The market cut losses in mid-morning trade. However, the intraday recovery proved short-lived. The market slumped in early afternoon trade. The market cut losses later. The market weakened again in late trade after moving between positive and negative zone in mid-afternoon trade.

Market Breadth:

Positive 1370 Negative 1371 Unchanged 87

From the 30 share Sensex pack, 17 fell and rest rose.